Controladora Comercial Mexicana, S.A.B. de C.V. Inactive
Filed: 24 Feb 06, 12:00am
FOR IMMEDIATE RELEASE
CONTROLADORA COMERCIAL MEXICANA, S.A. de C.V. ANNOUNCES CONSUMMATION OF ITS EXCHANGE OF REGISTERED 6.625% SENIOR NOTES DUE 2015 FOR UNREGISTERED 6.625% SENIOR NOTES DUE 2015
MEXICO CITY, February 24, 2006 - Controladora Comercial Mexicana, S.A. de C.V. ("CCM") (NYSE: MCM; BMV: COMERCI) announced today that on February 23, 2006, it consummated its previously announced offer to exchange its registered 6.625% Senior Notes due 2015 (the "New Notes") for its outstanding, unregistered 6.625% Senior Notes due 2015 (the "Old Notes"). Pursuant to the exchange offer, U.S.$199,000,000 of the Old Notes were exchanged for New Notes, and an aggregate principal amount of U.S.$199,000,000 of the New Notes were issued.
CCM is a holding company which operates one of Mexico’s leading retailing groups. Utilizing five store formats, the Company sells a wide variety of food items, including basic groceries and perishables, as well as non-food items such as general merchandise and clothing. CCM also operates a chain of 62 family style restaurants under the name Restaurantes California. In addition, the Company owns 50 percent interest in a joint venture with Costco Co. of the United States, which operates a chain of 28 warehouse clubs in Mexico. CCM’s network of 253 units is located throughout Mexican territory and targets all income levels.
| Investor Inquiries: | ||
| Gustavo Campomanes Morante | Javier Miranda Nava | Yolotl Palacios Golzarri |
| Corporate Treasury Director | Head of Investor Relations | Investor Relations |
| Ph. (52 55) 5270 9312 | Ph. (52 55) 5270 9313 | Ph. (52 55) 5270 9319 |
| gcampomanes@comerci.com.mx | jmiranda@comerci.com.mx | ypalacios@comerci.com.mx |